Macroeconomic Effects of Reforms on Three Diverse Oil Exporters Russia Saudi Arabia and the UK is popular PDF and ePub book, written by Samya Beidas-Strom in 2019-10-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macroeconomic Effects of Reforms on Three Diverse Oil Exporters Russia Saudi Arabia and the UK can be Read Online from any device for your convenience.
Macroeconomic Effects of Reforms on Three Diverse Oil Exporters Russia Saudi Arabia and the UK Book PDF Summary
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest that not only has output responded differently to shocks due to differing levels of diversification and structural and policy settings, but also the responses to fiscal consolidation differ: Russia would benefit from a smaller state foot-print, while in Saudi Arabia, unless this is accompanied by structural reforms that remove rigidities, output would fall. We also find that lower oil prices need not be bad news given more oil-intensive production structures. However, lower oil prices have hurt these oil producers as their public finances depend heavily on oil, among other factors. Productivity gains accompanied by ambitious structural reforms, along with fiscal and monetary reforms could support these economies to achieve better outcomes when oil prices fall, including via diversifying exports.
Detail Book of Macroeconomic Effects of Reforms on Three Diverse Oil Exporters Russia Saudi Arabia and the UK PDF
- Author : Samya Beidas-Strom
- Release : 11 October 2019
- Publisher : International Monetary Fund
- ISBN : 9781498320504
- Genre : Business & Economics
- Total Page : 66 pages
- Language : English
- PDF File Size : 10,8 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Macroeconomic Effects of Reforms on Three Diverse Oil Exporters Russia Saudi Arabia and the UK by Samya Beidas-Strom, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.